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CS Executive · Capital Market and Securities Laws · Issue of Capital and Disclosure Requirements

Under Section 24 of the Companies Act, 2013, which matter is expressly left to the Central Government, the Tribunal or the Registrar rather than SEBI, as stated in its Explanation?

Redemption of preference shares and return of allotment are left to the Central Government, Tribunal or Registrar under the Explanation to section 24(1). Issue and transfer of securities and non-payment of dividend by listed or to-be-listed companies are administered by SEBI through regulations.

  1. ARedemption of preference shares and return of allotmentCorrect
  2. BIssue of securities by a listed company
  3. CTransfer of securities by a company intending to list
  4. DNon-payment of dividend by a listed company

Explanation

The Explanation to section 24(1) says powers relating to all other matters relating to prospectus, return of allotment, redemption of preference shares and any other matter specifically provided in the Act are exercised by the Central Government, the Tribunal or the Registrar. Issue, transfer and dividend non-payment for listed companies fall to SEBI.

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